Melexis reports Q2 revenue ahead of forecasts, raises full-year outlook Investing.com -- Belgian semiconductor supplier Melexis (EBR:MLXS) NV (BR:MELE) on Wednesday reported second-quarter revenue that exceeded analyst expectations, despite currency headwinds affecting profitability. The company posted Q2 revenue of €211.6 million, surpassing consensus estimates of €202 million, with particular strength coming from China and EMEA regions. However, gross margin came in at 39.0%, below analyst expectations of 39.8%, while earnings per share reached €0.94, significantly higher than the €0.65 consensus forecast due to finance income that likely included hedging gains. For the third quarter, Melexis expects revenue between €210-215 million, broadly in line with market expectations. The company raised its full-year revenue guidance to €835-845 million, above the consensus estimate of €830 million. The automotive semiconductor specialist noted that its customers continued to deplete their inventories during the second quarter, suggesting the beginning of a cyclical improvement in the underlying business. Beyond its core automotive segment, which accounts for nearly 90% of revenue, Melexis is seeing growth in data centers, consumer appliances, and new design wins in robotics. Melexis lowered its full-year capital expenditure target to approximately €40 million from the previous €50 million. The company’s updated guidance factors in a EUR/USD exchange rate of 1.17 for the remainder of the year, which is impacting both sales and profitability forecasts. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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